Does your home insurance extend to cover your new boat as well? In most cases, it is best to have a stand-alone boat insurance policy. Here are some considerations for you to discuss with your independent agent.
Check the Size and Horsepower
A homeowner's insurance policy typically limits the size and horsepower of a boat, so you need to verify that the boat you own would actually be covered under your homeowner's policy. Depending on the size and speed of your boat, you may not be able to add your boat to your homeowner's policy; in these cases, your boat will require a stand-alone policy instead.
No Coverage for Items on Board
If you decide to use your homeowner's policy instead of a stand-alone boat policy, know that the items you have on board will likely not be c